2820 O St Lincoln, NE 68503
This exceptional 14,457-square-foot property, located at 2820 O Street in Lincoln, Nebraska, presents a unique investment opportunity. Currently configured as a church, this vacant building offers significant potential for redevelopment or repurposing. The property boasts high visibility on O Street and sits on a generous 1.26-acre lot, providing ample parking for up to 78 vehicles. The interior features a large, open sanctuary capable of seating approximately 300 people, along with several smaller classrooms, offering flexibility for a variety of uses. The B-1 zoning allows for a range of commercial possibilities. The asking price is $1,575,000, translating to $108.94 per square foot. While previously used as a church, the property is currently vacant, although a lease-back agreement is in place until Spring 2025. This provides a potential income stream during the transition period. This prime Lincoln location, in Lancaster County, zip code 68503, offers excellent access and visibility, making it an attractive proposition for investors seeking a versatile property with strong redevelopment potential. The property's size and zoning make it suitable for a variety of commercial ventures. This is a rare opportunity to acquire a substantial property in a desirable location.
-
Living Water Counseling Counselor
-
Citylight Lincoln Church
-
Salt Company Lincoln Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.